“Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%”
February 21, 2026
“Gross domestic produce rose at an annualized rate of just 1.4%, according to the Commerce Department, well below the Dow Jones estimate for a 2.5% gain.
The department estimated that the government shutdown, which ran through the first half of the quarter, probably took about 1 percentage point off economic growth.
At the same time, inflation held firm in December, according to a gauge most closely watched by Fed officials that increased 3% from a year ago…”
https://www.cnbc.com/2026/02/20/pce-inflation-december-2025.html